Square, the US-based payments company best known for its mobile point-of-sale system has just announced that it has processed more than $100million worth of transactions in a single day. Probably the fact that the upcoming holiday season makes this the busiest time of year for consumer spending has some impact. This comes hot on the heels of a couple of significant partnership announcements made last month. First is a partnership with Snapchat to send money between friends, clearly addressing the ‘millenials’ who use Snapchat. Perhaps more significant for Square, though is the intention to Accept Apple Pay, which will require near-field or NFC capability.
